Tag: SPDR Gold Shares (GLD)
Go For The Gold?
Last week was a whopper for precious metal bulls. In case you’re unaware, gold and silver broke strongly higher in Thursday’s trading session. The yellow metal surged by just over $40 an ounce (3.3%), while silver added $0.85 (4.3%) on the day. What sent the metals roaring higher? Like I mentioned in last week’s article, […]
War With Russia?
It’s been an ugly few weeks for gold… The yellow metal has dropped like a stone ever since it hit multi-month highs at $1,390 an ounce in mid-March. What started the selloff? Investors ran for the exits just ahead of the last FOMC meeting. That’s when Federal Reserve Chairwoman Janet Yellen announced the US central […]
Decision Time For Gold Bugs!
Diehard gold and silver bulls are likely getting nervous… Why? Both metals are trading just above the 52-week lows set earlier this year. Gold is trading around the $1,233 area, which is a stones throw away from the yearly low of $1,180 set in late June. Take a look… As you can see, if gold’s […]
